Common use of Indemnity Payment Clause in Contracts

Indemnity Payment. The amount payable pursuant to subparagraphs 17(a) and 17(b) shall be payable upon demand of Lender accompanied by a statement describing in reasonable detail such loss, liability, injury, claim, expense or tax and setting forth the computation of the amount so payable.

Appears in 4 contracts

Sources: Loan and Security Agreement (Ameriquest, Inc.), Loan and Security Agreement (Ameriquest, Inc.), Loan and Security Agreement (Emergent BioSolutions Inc.)

Indemnity Payment. The amount payable pursuant to subparagraphs 17(a(a) and 17(b(b) above shall be payable upon demand of Lender accompanied by a statement describing in reasonable detail such loss, liability, injury, claim, expense or tax and setting forth the computation of the amount so payable.

Appears in 1 contract

Sources: Secured Loan Agreement (AMERICAN POWER GROUP Corp)

Indemnity Payment. The amount payable pursuant to subparagraphs 17(a19(a) and 17(b19(b) shall be payable upon demand of Lender the Lessor accompanied by a statement describing in reasonable detail such loss, liability, injury, claim, expense expense, or tax and setting forth the computation of the amount so payable.

Appears in 1 contract

Sources: Master Lease Agreement (Obsidian Enterprises Inc)